Business · Economy · 1 day ago
NS&I raises some UK savings bond rates above 5%
The UK government-backed National Savings and Investments provider has raised rates on its British savings bonds.
These bonds lock money away for one, two, three or five years, and the new rates range from 4.99% to 5.17%.
The two-, three- and five-year bonds now pay more than 5%.
Savers can put up to £1 million into each bond issue, and NS&I says the Treasury backs all savings above the amount most banks guarantee.
But the money cannot be withdrawn before the bond term ends, so savers may want to keep some cash in an account they can access.
Some other providers offer higher rates, although the best deals can come from less-well-known institutions.
Savings rates may change or deals may be withdrawn when providers have attracted enough deposits.
National Savings and Investments (NS&I) has raised rates on its British savings bonds, with three terms now paying more than 5%.
The fixed-rate growth bonds pay 4.99% for one year, 5.07% for two years, 5.1% for three years and 5.17% for five years.
At the time of publication, other providers offered higher top rates: 5.12% for a one-year bond and 5.37% for a five-year bond.
NS&I bonds allow investments of up to £1m per person in each issue, with a £500 minimum, but customers cannot withdraw the money before the fixed term ends.
Starling’s Easy Saver offered 5% on balances up to £25,000 for eligible customers, while Marcus raised its one-year fixed-rate account from 4.3% to 4.75%.
- Who
- National Savings and Investments (NS&I) and UK savers
- What
- NS&I raised interest rates on its British savings bonds
- When
- Reported on 10 October 2026
- Where
- United Kingdom
- Why
- Competition in the savings market has been growing; the article does not state NS&I’s specific reason for raising rates.
This story does not have two clearly opposing sides.
If a provider attracts enough savings cash it will pull a product from sale.
you can still make more money elsewhere
This story does not have a timeline yet.
- NS&I one-year growth bond rate
- 4.99%, up from 4.82%
- NS&I five-year growth bond rate
- 5.17%, up from 4.85%
- Maximum NS&I investment
- £1m per person in each bond issue
- Minimum NS&I investment
- £500
- Starling Easy Saver rate
- 5% on balances up to £25,000 for eligible customers
Sources
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